This Is Too Hot For Accolade Inc (NASDAQ: ACCD), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that Accolade Announces Results for Fiscal Third Quarter 2024.

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Stocks Info

As a NASDAQ listed company, ACCD falls under the Healthcare sector while operating within the Health Information Services industry segment. At the end of the last regular session, the stock closed at $13.23 and fluctuated between $13.72 as its day high and $12.50 as its day low. The current market capitalization of Accolade Inc is $1.02B. A total of 1.32 million shares were traded on the day, compared to an average of 700.69K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ACCD has seen 13 BUY and 11 SELL insider trades, representing the acquisition of 158,373 and the disposition of 3,170 shares. Over the last 12 months, there were 129 BUYs and 81 SELLs from insiders. Insiders purchased 765,823 shares during that period but sold 47,200.

In the most recent transaction, SINGH RAJEEV sold 21,530 shares of ACCD for 15.02 per share on Jan 11. After the transaction, the Chief Executive Officer now owns 742,162 company shares. In a previous transaction on Jan 11, SINGH RAJEEV sold 770 shares at 14.74 per share. ACCD shares that Chief Executive Officer owns now total 742,162.

Among the insiders who sold shares, Barnes Stephen H. disposed of 267 shares on Jan 11 at a per-share price of $14.74. This resulted in the Chief Financial Officer holding 175,833 shares of ACCD after the transaction. In another insider transaction, Cavanaugh Robert N sold 255 shares at $14.74 per share on Jan 11. Company shares held by the President now total 169,762.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, ACCD has a high of $17.00 and a low of $6.33.

As of this writing, ACCD has an earnings estimate of -$0.1 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.2. The company reported an EPS of -$0.43 in the last quarter, which was 20.40% higher than expectations of -$0.54.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ACCD’s latest balance sheet shows that the firm has $365.85M in Cash & Short Term Investments as of fiscal 2022. There were $320.34M in debt and $111.75M in liabilities at the time. Its Book Value Per Share was $5.65, while its Total Shareholder’s Equity was $855.79M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ACCD is Buy with a score of 4.25.

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